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investment banking culture faces scrutiny as humor crosses professional boundaries

JPMorgan has appointed Keith Heller, a former Citi executive, as Managing Director in its financial sponsors team. Meanwhile, BNP Paribas director Benedict Foster has been fined for inappropriate nicknaming of colleagues, highlighting ongoing sensitivities around workplace conduct. In the hedge fund sector, Millennium Management is considering equity stakes for top employees to align incentives as it moves towards institutionalization.
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